Aya Gold and Silver Announces $100 Million Bought Deal Offering of Common Shares

Core Viewpoint - Aya Gold & Silver Inc. has announced a bought deal offering of 7,491,000 common shares at a price of $13.35 per share, aiming to raise gross proceeds of approximately $100 million [2][3]. Group 1: Offering Details - The offering is being managed by Desjardins Capital Markets as the sole bookrunner, along with a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets [2]. - An over-allotment option has been granted to the underwriters to purchase an additional 15% of the shares, which could raise an additional $15 million if fully exercised, bringing total proceeds to approximately $115 million [3]. - The closing date for the offering is scheduled for around June 19, 2025, pending necessary approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance exploration programs at Boumadine and Zgounder Regional, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco [9]. - The company is focused on maximizing shareholder value through sustainable practices in its operations and financial growth plans [10].